The company, which was to go public in February 2012, postponed its plans citing similar reasons.

Platinum Energy, which services Encana Oil & Gas (USA) Inc , had filed in September 2011 to raise up to $300 million. Two months later, it increased the IPO size to $345 million, a figure seen as a placeholder and typically used to calculate regulatory fees.

The Houston-based company subsequently cut its IPO size by more than a half amid weakening demand for commodities such as natural gas.

Morgan Stanley, J.P. Morgan, Citigroup and FBR Capital Markets were the lead underwriters for the offering.